Banc of America to price foreign-exchange BRIC basket notes for Svensk

By Angela McDaniels

Seattle, June 6 - Banc of America Securities LLC plans to price an offering of zero-coupon foreign-exchange basket notes due June 2009 linked to a basket of currencies for issuer AB Svensk Exportkredit, according to a 424B2 filing with the Securities and Exchange Commission.

The basket will include the Brazilian real, Russian ruble, Indian rupee and Chinese renminbi, equally weighted.

The payout at maturity will be par plus any appreciation of the basket currencies against the dollar multiplied by the participation factor, which will be at least 200% and will be determined at pricing. If the basket currencies depreciate against the dollar, the payout will be par.

The notes will price and settle in June.

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